Published: Monday, 21th October 2024
In this page, you will find a detailed guide on the standard of living in San Marino, covering various aspects such as economy, health system factors, environment, import-export, taxes and finances.
 Indicators  | San Marino  |
|---|---|
Gross Domestic Product (GDP) (2023)  | $2.034 billion USD |
GDP Per Capita (2023)  | 59,405 USD |
GINI Ratio (2023)  | 0.35 |
Inflation on Consumer Prices (2023)  | 1.05 % anually |
Central Government Debt (2023)  | 95.1 % of GDP |
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country in a specific time period, usually a year. It is used to gauge the economic performance of a country and indicates how wealthy and productive a nation is. In simple terms, GDP tells us how much a country is producing and how well its economy is doing.
As per the statistics from the World Bank Data for the year 2023, the total GDP of San Marino is $2.034 billion USD.
On the other hand, Gross Domestic Product (GDP) Per Capita is the average economic output per person in a country. Simply put, it shows how much, on average, each person contributes to the economy, giving an idea of the standard of living and economic well-being of the people in that country.
Indicators | San Marino |
|---|---|
Human Development Index (HDI) (2023)  | 0.867 |
Human Capital Index (HCI) (2023)  | Yet to Update |
Literacy Rate (2023)  | 99.91% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 83.4 years |
Healthy Life Expectancy Ratio (2023)  | 73.9 years |
Poverty Ratio (2023)  | Yet to Update |
Unemployment Rate (2023)  | Yet to Update |
The Human Development Index (HDI) is a measure used to assess the overall well-being and quality of life of people living in a country. The key dimensions that give a country good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living. This is expressed as a value between 0 and 1. The higher a country's human development, the higher its HDI value.
Indicators | San Marino |
|---|---|
Gross National Expenditure (2023)  | 73.84% of GDP |
Total Health Expenditure (2023)  | 9.5% of GDP |
Research and Development Expenditure (2023)  | Yet to Update |
Government Expenditure on Education (2023)  | 3.11% of GDP |
International Tourism Expenditure (2023)  | Yet to Update |
Number of International Tourists Arrivals (2023)  | 1,904,000 |
Military Expenditure (2023)  | Yet to Update |
Indicators | San Marino |
|---|---|
Number of Doctors (2023)  | 35.3 (Per 10,000 People) |
Number of Nurses (2023)  | 71.1 (Per 10,000 People) |
Number of Pharmacists (2023)  | 5.3 (Per 10,000 People) |
Available Hospital Beds (2023)  | 3.8 (Per 10,000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | Yet to Update |
Indicators | San Marino |
|---|---|
Agricultural Land (2023)  | 23 sq km |
Forest Area (2023)  | 10 sq km |
CO2 Emissions (2023)  | Yet to Update |
Access to Electricity (2023)  | 100% of total Population |
Access to Internet (2023)  | 74.86% of total Population |
Annual Fresh Water Withdrawals (2023)  | Yet to Update |
100% of the total Population of San Marino has access to the electricity in their homes.
74.86% of the total Population of San Marino has access to the Internet.
Indicators | San Marino |
|---|---|
Time Required to Start a Business (2023)  | 11.5 Days |
New Businesses Registered (2023)  | Yet to Update |
New Businesses Registration Density (2023)  | Yet to Update |
Cost of Business Start-Up Procedures (2023)  | 8.8% of GNI Per Capita |
It usually takes 11.5 days in San Marino to register a new business legally and systematically.
Indicators | San Marino |
|---|---|
Imports of Goods and Services (2023)  | 158.16% of GDP |
Total Fuel Imports (2023)  | Yet to Update |
Cost to Import Border Compliance (2023)  | 50 USD |
Time to Import Border Compliance (2023)  | 4 Hours |
Cost to Import Documentary Compliance (2023)  | 100 USD |
Time to Import Documentary Compliance (2023)  | 2.5 Hours |
Indicators | San Marino |
|---|---|
Exports of Goods and Services (2023)  | 184.31% of GDP |
Total Fuel Exports (2023)  | Yet to Update |
Cost to Export Border Compliance (2023)  | Yet to Update |
Time to Export Border Compliance (2023)  | Yet to Update |
Cost to Export Documentary Compliance (2023)  | Yet to Update |
Time to Export Documentary Compliance (2023)  | 0.5 Hour |
Indicators | San Marino |
|---|---|
Gross National Savings (2023)  | Yet t Update |
Tax Revenue (2023)  | 17.3% of GDP |
Taxes on Exports (2023)  | Yet to Update |
Taxes on Goods and Services (2023)  | 18.6% of Tax Revenue |
Taxes on International Trade (2023)  | 0.43% of Revenue |
Time to Prepare and Pay Taxes (2023)  | 52 Hours |
Customs and Other Import Duties (2023)  | 1.08% of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living in San Marino.
If you wish to compare San Marino with other Countries, States and Cities in the world, you can use the search box above or click the links below.
The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.
